When Fintech Acquisitions Go Wrong

BPCE is a French bank which purchased mobile bank Fidor in 2016; according to the French and German press the relationship isn’t going well and Fidor will not be rolled out in France; there were issues with integration and Fidor’s Founder said that there are cultural conflicts which might lead to a sale of the company; while the acquisition wasn’t a big commitment for BPCE which made $27 billion last year, it is cautionary tale that partnerships such as this that often make sense on paper don’t always work out as planned. Source